Thursday 24 August 2000 | 00:00 CET | News
Sigtek (US), developer of software for fast digital signal processing (DSP), will be acquired by Filtronic, supplier of telecoms components, in an innovative deal. The amount paid for the acquisition will be dependent on the number of engineers who remain with Sigtek to 2004. The deal has a GBP13.5 mil headline value, although a mere GBP3.15 mil will be paid straightaway as new Filtronic shares. The remaining GBP10.4 mil will be paid until 2004, depending on the number of engineers kept on. Sigtek will be integrated into the broadband access group of Filtronic. Sigtek has 30 staff, of whom 23

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Categories: General
Countries: United States
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